Prestwick Commons

Key facts from Prestwick Commons's documents

Community type

homeowners association (Article I, Section 1.02, Page 30)

Legal name

Prestwick Commons Homeowners' Association, Inc.

Units / lots

304 (Exhibit A, Pages 28-29: Lots 1-65, 66-16)

Developer / declarant

Powell Road, LLC (Recitals, Page 5)

Assessments & dues

Prior to January 1, 2000: not exceed $75 per Lot; thereafter set by Board (Declaration Article IX.C, Page 20)

Special assessments

Requires assent of two-thirds (2/3) of Members voting in person or by proxy at a meeting; written notice 30-60 days in advance (Declaration Article IX.D, Page 20-21)

Collections & liens

Unpaid assessments constitute a lien; certificate of lien may be filed after 10 days overdue; lien valid for 5 years; subordinate to first mortgage (Declaration Article IX.F.3, Page 21-22)

Reserves & fees

Board may establish a Reserve Fund for financing operations and maintenance (Declaration Article IX.A, Page 19)

Pets

Animals permitted subject to Rules; no breeding or commercial purpose (Declaration Article IV.E, Page 10)

Leasing & rentals

Yes, leases must be in writing and subject to Declaration; no hotel/transient uses (Declaration Article IV.I, Page 11)

Parking & vehicles

Prohibited from parking on street or Lot except during construction (Declaration Article IV.J, Page 11)

Fences

Materials: wood, approved plastic, stone, brick only; no chain link or metal; max height 48 inches above finish grade (except safety); setback from street; split rail with mesh permitted; decorative fencing by approval (Declaration Article IV.R, Page 12-13)

Architectural approval

Yes, Design Review Board approval required for any Improvement (Declaration Article V.A, Page 14)

Signs & flags

Only marketing signs by Developer, identification signs, and one temporary real estate sign not exceeding six square feet (Declaration Article IV.D, Page 10)

Maintenance

Owner: Lot and improvements; Association: Common Property (Declaration Article X, Pages 22-23)

Insurance

Blanket property, liability, and flood insurance covering Common Property (Declaration Article VIII.G.1, Page 19)

Use restrictions

Each Lot occupied and used exclusively for single-family residential purposes and customarily incidental uses (Declaration Article IV.A, Page 9)

Voting & meetings

One vote per Lot; Developer holds 100% voting power until relinquishment (Declaration Article VII; Bylaws Section )

Amendments

Before Turnover: Developer may unilaterally amend. After Turnover: Developer may amend for compliance, title insurance, FHA, errors; other amendments require member vote? Termination requires majority of Members. (Declaration Article XI.C, XI.A)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.